Oilfield Services Receive A Major Boost As Oil Prices Rally ...Middle East

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Oilfield Services Receive A Major Boost As Oil Prices Rally
The steady and substantial climb in oil prices has led to more business for oilfield service providers and higher prices, Reuters has reported, citing data from the industry. “We are already beginning to see a positive increase in activity and an upturn in service pricing will hopefully be reflected in the coming months,” the report quoted Packers Plus Energy Services’ chief executive Stuart Wilson as saying. The revival of the oilfield service industry comes despite continuing financial discipline on the part of exploration and…

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